This yet again seems to be an example that Elon Musk is resorting to fraud to manipulate the stock market and “burn shorts”. However such tweets are not only burning some shorts, it’s burning some Tesla investors.
Has Elon Musk yet again dishonestly and unethically illegally manipulated the market? Is the SEC letting him slip through their fingers again? Are government agencies like the SEC on the take not to go after Elon Musk and Tesla?
There are many conflicting reports. Elon Musk seemingly claimed on tweets that funding for a buyout had already been secured and that only approval from the Tesla board was needed. Some reports suggested that funding from Saudi Arabia may have been secured for a buyout, however some contradictory reports claim that Saudi Arabia and possibly others may be negotiating to make a buyout. Some reports indicate that funding from Saudi Arabia has not been secured. Reportedly the SEC and Tesla board are in the dark about the secured funding, and seem to be stonewalled by Elon Musk.
I’m no legal or financial expert, however in my opinion, if Elon Musk didn’t have prior secured financial backing before his tweet, I don’t think how that could be anything but fraud.
I’m concerned that watchdogs like the SEC may be dragging their feet, hoping that people will ignore or forget what appears to be fraud and give Elon Musk and Tesla a time to try to secure funding after the fact to cover up the fraud. So it seems there might be fraud on top of fraud. A pattern of fraud within Tesla and outside of Tesla. Complicity.
Reportedly some shorts have already filed lawsuits claiming that Elon Musk is unfairly manipulating Tesla stock with twitter. Reportedly Tesla stockholders are also considering lawsuits over the alleged buyout efforts and Elon Musk’s Twitter miss-usage.
If Elon Musk really had finances secured for a stock buyout of Tesla, then why are there reports that Tesla is still seeking funding for a stock buyout? This and many more contradictions, makes Elon Musk’s claims of having secured finances for a stock buyout of Tesla seem to be fraudulent. At first it was thought that his tweets might be in jest; however subsequent tweets and news seems to indicate that it wasn’t in jest.
Elon Musk accused of fraud to boost Tesla’s sagging share price
Tesla investors angered at Musk’s $420 lowball deal
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
Saudi Arabia’s PIF and SoftBank Not Interested in Tesla Buyout
Saudi Arabia fund in talks to invest in Tesla buyout deal
Lawsuits accuse Tesla’s Musk of fraud over tweets, proposal to go private
Elon Musk’s ‘funding secured’ tweet could cost Tesla millions, former SEC chairman says (TSLA)
How Elon Musk’s Twitter Blocking Could Land Him In SEC Trouble
Who is funding Tesla buyout plan, board asks Elon Musk
SEC intensifying its probe of Tesla
The SEC Should Look Into A Possible Musk-Saudi Insider Trading Angle And The Curacao Entity
Elon Musk’s Tesla Twitter SEC Turmoil: Why CEOs and Boards Should Pay Attention
On the SEC investigation into Tesla and the potential ‘this is fraud’
“The SEC is looking to determine whether the information provided by Musk was truthful and to determine why the tweets were made”
Where’s Musk’s Financing Coming From? Reports Say SEC, Tesla Board Want to Know
Elon Musk Might Have Broken The Law When He Tweeted About Selling Tesla Shares For “$420”
“Am considering taking Tesla private at $420. Funding secured.”
“Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote.”
It also is concerning that Tesla seems to be becoming increasingly anti-American, anti-Free Press, anti-free speech, etc… As it seems to shift manufacturing and its finances overseas; where there is less likely to be financial oversight, civil rights, workers rights, safety oversight, environmental oversight, etc.